Products > Precious Management

Management is an art by itself. It means a skilful handling and controlling of the business activities. A flawless management is the secret behind any success story. And reaching this state of perfection is no longer a fantasy any more. Precious Management is an accounting package, which transforms your expectations to reality. Meant exclusively for Accounting in Gem and Jewellery business Precious Management takes pride in comprising of many unique features. Accounting is a complex web of calculations and Precious Management makes it easier with the help of a well-structured and integrated unit of various transactions, enhancing a smooth flow of data. Precious Management resolves the problem faced by the Gem and Jewellery industry in handling voluminous quantity of precious stones worth millions.

Master Entries

You can create all types of entries for purchase and sales like cash, credit, purchase and sales return, order and consignment. Discount, Commission, Brokerage, Sales Tax Freight charges and booking of other expenses are calculated automatically. When there is purchase or sales return the amount is calculated automatically. Payments and receipts made either by local currency or foreign currency, Payments through Forward Contract, inclusion of exchange loss or gain incase of transaction made in foreign currency make it an all-encompassing package.

Inventory

In gem and Jewellery business, which involves multiple currencies and varied transactions, keeping a watchful eye on the market rate of the item becomes imperative. You can keep a record of the market rate of the item in the form provided to study the fluctuation, the current trend, last offer of price quoted by a customer, lot history in the form provided. While dealing with the vast quantity of items, for quick reference and manipulations items are divided into Diamond, Color Stone, Pearl, Jewellery. In addition to these four categories you have one more option, which refers to items other than the four major items. For each individual item, you can enter the details and properties characteristic of that particular item in the respective form. Information about stock, quantity ordered and quantity on hand are maintained in separate records.

Other Utilities

There are other features like To Do List a list of reminders, which saves you from any embarrassment or loss due to forgetfulness or negligence because it helps you keep track of your commitments and cash transaction. Similarly Adjust Payment is a utility to adjust both the payment and receipt. When there is inter-trade between buyer and seller Payment and Receipts can be adjusted between customer/supplier instead of calculating each transaction separately. If there is any balance in amount, it goes to either Payment or Receipt accordingly. Facility to make separate transactions for bank, cash and journal is provided so that each transaction can be recorded individually.

Features

Functions

Accounts Tree
Includes every single account category-wise in a tree format 
Organized structure
An integrated unit comprising of individualtransaction modules  
Customer/Supplier Information
A complete history of customers
Inventory
Maintenance of item details
Mixing
Creating new lots by mixing items
Market Rate
Maintains record of fluctuation in market rate                                             
Forward Contract
Facility to book dollars with your bank for future use at the conversion rate of today
PDC Discount
Allows you to discount post-dated cheque with the bank 
Bank Reconciliation
Reconciliation statement between bank statement and our bank book
Precious Connect
A powerful data and file transferring utility
To Do List
A list of reminders that help you manage your cash flow
Adjust Payment
A utility to adjust both the payment and receipt
Web Interface
Facility to do online business
Purchase/Sales
Different modes of purchase/sales
Import Payment/Export Receipt
Facility to handle multiple currencies transaction
Reports Tree
An exhaustive classified list of reports in a tree report

Special Features

Accounts Tree

The tree format enhances an easy viewing of innumerable accounts broadly dividing them into four major accounts-Income, Expenditure, Liabilities and Assets. Facility is provided to view the corresponding ledger of each transaction. Since related transactions are inter-linked, clicking a particular voucher will take you to the respective transaction form enabling you to navigate smoothly. Creation, Deletion and Modification of accounts can be done with less strain. Infinite accounts can be created and yet you will not lose your way because of the inclusion of a well-organized Accounts Tree.

Web Interface

In keeping with the current technological pace Precious Management incorporates web feature and the result is an advanced online business facility. Here you can place your order, view the current status of your business on the web, send and receive messages to your clients.

Reports Tree

To view the final picture of any transaction or a particular item like diamond you can generate reports from the Reports Tree. An exhaustive list of reports has been prepared and classified under suitable main heads that you just have to click the report name from the list. It will take you to the corresponding report.

Mixing

Mixing is an essential part of Gem and Jewellery business and you are provided with the facility to maintain record of the lots that are mixed to form new lots.

Post Dated Cheque Discount

Enables you to discount Post dated cheques and when the cheque crosses the maturity date, the accounting effect is automatically displayed. When the discounted cheque bounces on the maturity date PDC Return entries can be made.

Forward Contract

Entries and calculations can be made to book dollars with your Bank for future use at the conversion rate of today. This feature allows you to enter the forward contract amount and as you start using the amount by making entries in the Forward Contract form, the amount is automatically calculated and displayed in your Bank account form.

Supported Environments

Windows 95/98/NT server
Windows NT Workstation

Hardware Requirements

An IBM PC or compatible with at least a Pentium 100 MHz processor or higher
32 MB of RAM, 200 MB of free hard disk space
SVGA Color monitor and card supporting 256 colors
Microsoft compatible Mouse